Eurex Clearing
1. Introduction
According to Article 9 EMIR (European Market Infrastructure Regulation), both Eurex Clearing AG (Eurex Clearing) and its Clearing Members are obliged to report transactions and positions in exchange-traded and OTC derivatives contracts. In addition, collateral and valuation reports must be submitted.
Since both counterparties of a derivatives trade must report and since common data must be identical, it is important that the CCP and its Clearing Members use the same methodology to populate common data fields.
With EMIR REFIT as of 29 April 2024, there will be major changes to the existing EMIR reporting. Please find attached to this circular the Preliminary Version of Eurex Clearing’s Member Information for EMIR REFIT. The document outlines the reporting information considering the changed requirements coming with EMIR REFIT. It reflects Eurex Clearing’s understanding of the changed rules.
This is the third circular in the context of EMIR REFIT to give market participants a certain guidance of how Eurex Clearing will implement the new reporting requirements. While reasonable care has been taken in the preparation of this document to provide details that are accurate and not misleading at the time of publication, Eurex Clearing shall not be responsible or liable for any third party’s use of any information contained herein under any circumstances or for any errors or omissions contained in this publication.
Production start: 29 April 2024
2. Required action
Members are asked to read the Preliminary Version of the Member Information attached and participate in simulation. Eurex Clearing encourages Members to have a look at the structure of the reports provided to ensure their consumption with the go-live of EMIR REFIT.
3. Details
Eurex Clearing’s Preliminary Version has been updated in the following chapters:
Chapter | Update | |
Chapter 3 | Update to production timeline | |
Chapter 4.2 | Update to description of OTC reporting | |
Chapter 8 | Added LSOC specific reporting logic | |
Chapter 9 | Added Eurex Clearing’s reporting logic for Initial Margins | |
Chapter 10 | Added ‘Closing Transaction’ (trnTyp = 134) to reportable life cycle events | |
Chapter 10 | Update to reporting of ‘STEP-IN’ | |
Chapter 11.1 | Update to general reporting logic for fields [2.35], [2.83], [2.99] | |
Chapter 11.2 | Update to ETD reporting logic for fields [2.2], [2.6], [2.13], [2.17], [2.25], [2.41], [2.46] | |
Chapter 11.3 | Update to OTC reporting logic for fields [2.3], [2.5], [2.6], [2.40], [2.46], [2.73], [2.74], [2.75] | |
Chapter 13 | Update to naming convention of zipped files | |
Chapter 14 | Update to description of reporting of exercises | |
Chapter 15 | Added matrix for OTC’s combinations of action and event types |
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Attachment:
Further information
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Middle + Back Office | |
Contact: | ECAGRegulatoryReporting@eurex.com | |
Web: | www.eurex.com/ec-en/ > Support > Regulation | |
Authorized by: | Jens Janka |
